Businesses face a fundamental paradox: they want zero employees to lower costs, but if every company fires everyone and replaces them with AI and robots, consumers lose purchasing power, aggregate demand drops, and the entire wage-labor social contract breaks down resulting in economic death spiral.

causalpending

Speaker

Unidentified Speaker — Post-Labor Economics Lecture 02 - "Economic Agency Paradox"… [99umv8qIWVo]

Evidence Quote

if you fire everyone, if every company fires everyone and replaces them with AI and robots, then none of your consumers or none of your customers have any money left...aggregate demand drops and you end up in a death spiral

Source

Post-Labor Economics Lecture 02 - "Economic Agency Paradox" (2025 update)David Shapiro
Created: 8/11/2026, 7:28:39 AM

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